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Public Sector Debt Fiscal Deficits And Economic Adjustment
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Book Synopsis Public Sector Debt, Fiscal Deficits, and Economic Adjustment by : Alfredo E. Thorne
Download or read book Public Sector Debt, Fiscal Deficits, and Economic Adjustment written by Alfredo E. Thorne and published by World Bank Publications. This book was released on 1992 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why did some highly indebted Latin American Countries experience high inflation as a result of the external shock of the 1980s, while other countries managed to absorb the shock and resume growth?
Book Synopsis Fiscal Policy, Economic Adjustment, and Financial Markets by : Mr.Mario Monti
Download or read book Fiscal Policy, Economic Adjustment, and Financial Markets written by Mr.Mario Monti and published by International Monetary Fund. This book was released on 1989-06-15 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edited by Mario Monti, this volume contains the proceedings of a seminar that was held in Milan at the Centre for Financial and Monetary Economics, Universitá Luigi Bocconi. Participants included government officials, academicians, and economists; they provide a many-faceted view of fiscal policy at the domestic level and in the broader context of international policy coordination.
Book Synopsis Fiscal Deficits, Public Debt, and Sovereign Bond Yields by : Mr.Manmohan S. Kumar
Download or read book Fiscal Deficits, Public Debt, and Sovereign Bond Yields written by Mr.Manmohan S. Kumar and published by International Monetary Fund. This book was released on 2010-08-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent sharp increase in fiscal deficits and government debt in many countries raises questions regarding their impact on long-term sovereign bond yields. While economic theory suggests that this impact is likely to be adverse, empirical results have been less clear cut, have generally ignored nonlinear effects of deficits and debt through some other key determinants of yields, and have been mostly confined to advanced economies. This paper reexamines the impact of fiscal deficits and public debt on long-term interest rates during 1980 - 2008, taking into account a wide range of country-specific factors, for a panel of 31 advanced and emerging market economies. It finds that higher deficits and public debt lead to a significant increase in long-term interest rates, with the precise magnitude dependent on initial fiscal, institutional and other structural conditions, as well as spillovers from global financial markets. Taking into account these factors suggests that large fiscal deficits and public debts are likely to put substantial upward pressures on sovereign bond yields in many advanced economies over the medium term.
Book Synopsis Fiscal Deficit and Public Debt in the Western Balkans by : Zsoka Koczan
Download or read book Fiscal Deficit and Public Debt in the Western Balkans written by Zsoka Koczan and published by International Monetary Fund. This book was released on 2015-07-24 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we analyze how Western Balkans public finances adapted to the boom-bust cycle. Large capital inflows into emerging European economies during the mid-2000s resulted in rapid economic growth and convergence to EU income levels. This also resulted in improved fiscal positions of most countries, on the back of strong revenue performance. Yet, since the onset of the global economic crisis, many countries have struggled to adjust to the new situation of lower external financing and lower growth.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :9781557750167 Total Pages :84 pages Book Rating :4.7/5 (51 download)
Book Synopsis Measurement of Fiscal Impact by : International Monetary Fund
Download or read book Measurement of Fiscal Impact written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-06-16 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes methodological issues pertaining to measurement of fiscal impact. The fiscal deficit is, under any circumstances, a crude tool for assessing the impact of fiscal policy on the economy. This paper also analyzes various ways in which the conventional definition of the fiscal deficit is affected by high rates of inflation. It has shown that, as the rate of inflation rises, the picture emerging from the conventional measure may, under certain circumstances, become somewhat blurred since the conventional measure may magnify the size of the fiscal adjustment that a country need. In fact, the size of the debt service that compensates bondholders for the reduction in the real value of their assets arising from inflation should be made explicit so as to indicate that part of the deficit whose impact depends mainly on portfolio decisions regarding the public's demand for government bonds, and on the potential effects of these bonds on the monetary and liquidity conditions of the economy.
Book Synopsis The Consistency of Government Deficits with Macroeconomic Adjustment by : Thanos Catsambas
Download or read book The Consistency of Government Deficits with Macroeconomic Adjustment written by Thanos Catsambas and published by World Bank Publications. This book was released on 1989 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fiscal and Debt Policies for the Future by : P. Arestis
Download or read book Fiscal and Debt Policies for the Future written by P. Arestis and published by Springer. This book was released on 2014-04-30 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers detailed analysis and informed comment on the future of emerging economic policies. It is essential reading for all postgraduates and scholars looking for expert discussion and debate on the issues surrounding economic policy.
Book Synopsis The Macroeconomics of Public Sector Deficits by : Roumeen Islam
Download or read book The Macroeconomics of Public Sector Deficits written by Roumeen Islam and published by World Bank Publications. This book was released on 1991 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Public finance in adjustment programs by : Ajay Chhibber
Download or read book Public finance in adjustment programs written by Ajay Chhibber and published by World Bank Publications. This book was released on 1988 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Empirical Analysis of Fiscal Adjustments by : Mr.C. John McDermott
Download or read book An Empirical Analysis of Fiscal Adjustments written by Mr.C. John McDermott and published by International Monetary Fund. This book was released on 1996-06-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study uses the fiscal expansion and consolidation experiences of the industrial countries over the period 1970 to 1995 to examine the interplay between fiscal adjustments and economic performance. A key finding is that fiscal consolidation need not trigger an economic slowdown. Fiscal consolidation that concentrates on the expenditure side, and especially on transfers and government wages, is more likely to succeed in reducing the public debt ratio than tax-based consolidation. Also, the greater the magnitude of the fiscal consolidation, the more likely it is to succeed in reducing the debt ratio.
Book Synopsis Chipping Away at Public Debt by : Paolo Mauro
Download or read book Chipping Away at Public Debt written by Paolo Mauro and published by John Wiley & Sons. This book was released on 2011-06-17 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Path-breaking research on one of the most important macroeconomic policy challenges in the post-crisis world, presented in accessible language Written and researched by a team of experts from the International Monetary Fund, other policy-making institutions, and academia, this timely book looks at fiscal adjustment plans in advanced economies, comparing the planned or projected reductions in debts and deficits to the actual outcomes, and explaining why objectives were met in some cases but missed in others. An overview reveals pitfalls to avoid and lessons learned for securing successful fiscal adjustment. Written by experts in the field Addresses public concern about skyrocketing government debts Contains cutting edge research that changes the way we look at fiscal adjustment Presents meticulous archival research in compelling and engaging case studies Explores lessons learned and policy implications going forward Includes country coverage of all G7 and European Union economies Educating and informing investors, economists, and the general public, this important book looks at why some attempts to curb debts and deficits succeed whereas others fail, as well as how to ensure successful fiscal adjustment in the period ahead.
Book Synopsis The Debt Burden and Its Consequences for Monetary Policy by : Guillermo Calvo
Download or read book The Debt Burden and Its Consequences for Monetary Policy written by Guillermo Calvo and published by Springer. This book was released on 1998-02-12 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: In all countries debt and deficits of the public sector are at the heart of economic policy debate. Debt and deficits pose major problems, all the more pressing in Europe because of the Maastricht criteria for entry into European Monetary Union. And in the developing world debt has been associated with major financial crises. This volume, arising from an International Economic Association conference at the Bundesbank, sees academics and policy makers debate the key issues and their implications in theory and practice.
Book Synopsis How to Measure the Fiscal Deficit by : Mr.Mario I. Bléjer
Download or read book How to Measure the Fiscal Deficit written by Mr.Mario I. Bléjer and published by International Monetary Fund. This book was released on 1991-09-15 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal policy seeks to equilibrate the public sector's financing needs with the private sector's demand for investment and a sustainable balance of payments. Correct measurement of the public sector's net use of resources is therefore an important prerequisite for managing the macroeconomy. This volume, edited by Mario I. Blejer and Adrienne Cheasty, is organized around four issues: the adequacy of summary measures of the fiscal deficit, conventional and adjusted deficits, coverage (size) of the public sector, and the public sector's intertemporal budget constraint.
Book Synopsis Expansionary Austerity New International Evidence by : Mr.Daniel Leigh
Download or read book Expansionary Austerity New International Evidence written by Mr.Daniel Leigh and published by International Monetary Fund. This book was released on 2011-07-01 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.
Book Synopsis When is Fiscal Adjustment an Illusion? by : William Russell Easterly
Download or read book When is Fiscal Adjustment an Illusion? written by William Russell Easterly and published by World Bank Publications. This book was released on 1999 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Stock-Flow Adjustments and Fiscal Transparency by : Anke Weber
Download or read book Stock-Flow Adjustments and Fiscal Transparency written by Anke Weber and published by International Monetary Fund. This book was released on 2012-01-01 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past three decades, large and persistent discrepancies between the annual change in public debt and the budget deficit, so-called stock-flow adjustments, were a prominent feature of debt dynamics in many economies. The aim of this paper is to investigate the underlying determinants of such discrepancies and their relationship with fiscal transparency using data for 163 countries. Results show that such discrepancies can only be partly explained by balance sheet effects and the realization of contingent liabilities and that significant differences exist in average stock-flow adjustments across countries reflecting country-specific factors. The more fiscally transparent the country, the smaller these tend to be. The contribution of stock-flow adjustments to increases in debt is likewise smaller in countries with above average fiscal transparency. This may not be coincidental, as a lack of fiscal transparency may make it easier for governments to engage in deceptive fiscal stratagems.
Book Synopsis Budget Deficits and the Public Debt in Sweden by : Desmond Lachman
Download or read book Budget Deficits and the Public Debt in Sweden written by Desmond Lachman and published by . This book was released on 1994 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
